Company Briefs: ISR Capital

ISR Capital

Investment firm ISR Capital, formerly Asiasons WFG Financial, yesterday said its business is not in any way associated with the people and firms that are being investigated by the Commercial Affairs Department over the 2013 penny stock crash.

The firms whose trading activities are the subject of investigations are Asiasons Capital, now renamed Attilan Group, Blumont Group and LionGold Corp.

ISR Capital also said it does not hold any shares in those firms and "regrets the inaccurate media reports which have implied that the company is somehow linked to the individuals under investigation".

It added that these inaccurate reports may have contributed to volatility in the company's stock price recently. It said it is seeking legal advice and working on an early lifting of a trading suspension imposed since Nov 27.


LHN

Property management services group LHN has reported that fourth-quarter net profit soared 1,069.8 per cent to $9.2 million.

Revenue for the three months to Sept 30 inched up 1.1 per cent to $26 million on the back of an increase in the facilities management and logistics services businesses.

The firm also recorded fair value gain on investment properties in Singapore of about $7.1 million, partly offset by an operating loss of about $300,000.

Quarterly earnings per share was 2.56 cents, compared with 0.22 cent a year ago, while net asset value per share was 19.32 cents as at Sept 30, from 15.33 cents a year earlier.

It has proposed a final dividend of 0.45 cent per share.


Oriental Group

Catalist-listed steel trader and manufacturer Oriental Group said it has received a letter of demand from Almech Steel claiming a repayment of about US$588,000 (S$838,300) for supplying steel.

The letter said that if payment was not made within seven days of Nov 29, Almech will start legal proceedings.

The firm is seeking legal advice, and has told shareholders and potential investors to exercise caution when dealing in the company's shares.

A version of this article appeared in the print edition of The Straits Times on December 01, 2016, with the headline 'Company Briefs'. Print Edition | Subscribe